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Introduction to Entrepreneurship v3, 1st edition

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This is the latest updated edited version 3 of my introduction of Introduction to Entrepreneurship. It the most comprehensive of my lecture into the said subject. It is the result of 13 years of …

This is the latest updated edited version 3 of my introduction of Introduction to Entrepreneurship. It the most comprehensive of my lecture into the said subject. It is the result of 13 years of teaching and research on the said subject. More than 100 slides and 30 mb. Watch out for my new presentation on government entrepreneurship and entrepreneurial capitalism

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  • 1. Introduction to Entrepreneurship Elective Subject at Ateneo GSB
  • 2. Introduction to Entrepreneurship Lecture v.3 Elective subject at Ateneo GSB
  • 3. Common understanding of entrepreneur
  • 4. •The boss •The business owner (Unternehmer) •The smart guy •The business founder
  • 5. Origin – entreprendre undertaker The high batting average (success rate) disproves this stereotype
  • 6. Some definitions
  • 7. “Making the world forever new” – George Gilder
  • 8. “Creative destruction” by Joseph Schumpeter
  • 9. “Entrepreneurship disrupts, upsets disorganizes”
  • 10. Joseph Schumpeter’s book, Capitalism, Socialism, and Democracy, proposes that America be transformed through a process of "creative destruction."
  • 11. “Theory of Economic Dynamics”
  • 12. “Shifts economic resources out of lower into area of higher productivity and greater yield” – J.B. (a Frenchman in 1800s)
  • 13. • Walt Disney’s definition “….to do things and make things which will give pleasure to people in new and amazing ways. ….It is magic! *From the lecture given by Larry Farrel at SBMA, August 7, 2002 and at UAP, October 30, 2009.
  • 14. It is “MAGIC” – Walt Disney
  • 15. SIMPLY AMAZING!
  • 16. Entrepreneurship involves: • MAGIC – soft issues • LOGIC – hard issues
  • 17. Definition by Timmons
  • 18. “Creating something from practically nothing” “Doing something instead of just talking”
  • 19. “Creating new products and services with resources that one has no control of” - HBS
  • 20. “Adventure into the unknown, of what is yet to be”
  • 21. “Finding new business opportunities; expansion of existing business” – Carl Voigt of USC
  • 22. “Creating new products and service” – Dr. Ed Morato
  • 23. “Being bold and audacious” – (walang hiya) - Atty Christian Gerona – CEO Manship “maabilidad, maparaan”
  • 24. Atypical of Kondratieff Cycle
  • 25. 1. What accounts for creation of more than 40 million jobs in US in the 1980s? 2. High technology?
  • 26. 3. But that meant the start of stagnation under the Kondratieff cycle;
  • 27. Answer: The growth in low technology ventures
  • 28. Interesting Topics: • Creativity • Innovation • Invention • Imitation • Entrepreneurship
  • 29. The driving force behind international finance – capitalist entrepreneurship –”World is curved”
  • 30. Hedge funds, mergers and acquisitions are the driving force behind new businesses, efficiency, processes, innovation
  • 31. The US Dollar is still the trading and currency of choice. and capital destination because of perception of US as a entrepreneurship/innovation haven
  • 32. International entrepreneurship: Outsourcing Offshoring “Fourth sector” - PPP
  • 33. Characteristic of Entrepreneurial Business 1.Changing 2.Disruptive 3.Compelling 4.Unique
  • 34. Types of entrepreneurship: business social techno corporate
  • 35. Is traditional capitalism now dead?
  • 36. The rise of: CSV – Michael Porter Social business - Mohammad Yunus
  • 37. Michael Porter
  • 38. Grameen Bank
  • 39. Entrepreneuralism
  • 40. “Every generation needs a revolution” – Thomas Jefferson
  • 41. How to achieve entrepreneurship? - Larry Farrell
  • 42. 1. High speed of innovation 2. Self inspired behaviour 3. Mission – customer 4. Vision – product market
  • 43. It is no longer the skill/innovation DNA that counts in business success –speed does!
  • 44. It is about new ideas and products
  • 45. Innovation
  • 46. Not just about new ideas; it is about new values
  • 47. From Say: resources from areas of low value to area of higher value
  • 48. Innovation and creativity
  • 49. Creativity and art
  • 50. Value of entrepreneurs to economy and society
  • 51. 1. Creation of new products and services
  • 52. 2. Wealth/value creation
  • 53. 3. Fights poverty via job creation
  • 54. 4. Foot the bill of the government; pay the taxes
  • 55. Entrepreneurship – a mindset, an attitude, even the heart and soul of the entrepreneur
  • 56. From that of dependency and patronage/bondage
  • 57. To that of dignity and independence
  • 58. Are we truly free?
  • 59. We need more entrepreneurs!
  • 60. Are entrepreneurs: born? made? “swerti” (lucky)
  • 61. Traits of Entrepreneurs
  • 62. Failing marks are birthmarks of entrepreneurs - Ds and Fs
  • 63. D’s
  • 64. • Dream • Determined • Details • Dollar (Peso, in our case) • Decision • Doer • Distribute • Destiny • Devotion • Dedication D’s
  • 65. F’s
  • 66. • Founder • Faith • Focused • Frugal • Fast • Fun • Flexible • Flat • Forever Improving F’s
  • 67. Hearts Hands Guts Minds of entrepreneurs
  • 68. Anatomy of the Entrepreneur The Entrepreneurial Mind Frame The Entrepreneurial Mind Frame The Entrepreneurial Gut Game The Entrepreneurial Gut Game The Entrepreneurial Heart Flame The Entrepreneurial Heart Flame
  • 69. Anatomy of the Entrepreneur WISDOM HEART GUTS  What lies behind us, what lies before us, is nothing compared to what lies within us. HANDS
  • 70. Self Analysis: • Gifted minds • Steely Guts – Ability to intuit – Courage • Patriotic Hearts • Hands that truly care Do I possess all of the above?
  • 71. 4 brains thinking A – logical B – doing C – emotional D – intuitive
  • 72. The HBDI developed by Hermann yielded a brain dominance profile Logical Factual Critical Technical Analytical Quantitative Interpersonal Kinesthetic Emotional Spiritual Sensory Feeling
  • 73. PREFERRED SUBJECTS  Arithmetic  Algebra  Calculus  Logic  Science  Technology  Finance  Programming  Accounting  Technical Management  Production  Arts  Geometry  Design  Poetry  Architecture  Marketing  Social Sciences  Psychology  Dance  Drama  High-Skilled Sports  People-Management A B C D
  • 74. PREFERRED PROFESSIONS  Lawyers  Engineers  Computer Systems Analysts  Financial Analysts  Technicians  Physicians  Statisticians  Bureaucrats  Administrators  Bookkeepers  Entrepreneurs  Explorers  Artists  Playwrights  Scientists in R&D  Advertising  Guidance Counselors  Public Relations  Nurses  Social Workers  Entertainers  HRD A B C D  Composers  Jazz Musicians  Planners-Programmers  Elementary Teachers  Policemen  Cashiers  Production Supervisors  Maintenance People  Classical Musicians  Salesmen  Priests
  • 75. Peter Senge – Fifth discipline
  • 76. 3 disciplines that need to be developed in entrepreneurs
  • 77. 1. Personal mastery 2. Mental models (attitudes) 3. Systemic thinking
  • 78. Personal Mastery
  • 79. Mental Models
  • 80. Systemic Thinking
  • 81. Personal mastery by Dr. Ed Morato 1. Learning to think 2. Learning to do 3. Learning to feel 4. Learning to intuit 5. Learning to lead 6. Learning to communicate 7. Learning to be
  • 82. Think Feel
  • 83. Is entrepreneurship easy?
  • 84. It is rigorous, demanding, and a discipline!
  • 85. It is hard!
  • 86. JFK message on getting man on the moon “We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win, and the others, too.”
  • 87. Rewards and failures are in entrepreneurship
  • 88. Only in entrepreneurship can you become a millionaire/billionaire!
  • 89. Do you want to be a billionaire?
  • 90. I want to be a billionaire! (Please put the target date and sign your name) _________________________ (Your Name)
  • 91. Thank You!
  • 92. By: Prof. Jorge U. Saguinsin
  • 93. Now blogging on: www.cheapcures.blogspot.com www.jorgeusbiker.blogspot.com www.airpollutionkills.blogspot.com www.angonochronicles.blogspot.com www.profjorgeentrep-jorge.blogspot.com www.profjorgeentrep-ateneo.blogspot.com www.nuideashare.blogspot.com www.alternativeenergee.blogspot.com www.entrepnew.blogspot.com www.profjorgeentrepdev.blogspot.com

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